The role of green finance, eco-innovation, and creativity in the sustainable development goals of ASEAN countries

Recently, sustainable development has become a global requirement. Every country strives to achieve this essential goal, and this attracts the attention of researchers and policymakers. This study investigates the impact of green finance, eco-innovation, and creativity on the sustainable development...

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Bibliographic Details
Published in:Economic research - Ekonomska istraživanja 2023-07, Vol.36 (2)
Main Authors: Sadiq, Muhammad, Le-Dinh, Thang, Tran, Trung Kien, Chien, FengSheng, Phan, Thi Thu Hien, Quang Huy, Pham
Format: Article
Language:English
Subjects:
Bonds
Clean technology
Creativity
eco-innovation
ecoinnovation
econometric estimation
Economic development
Economic growth
Economic theory
Energy development
F65
Q55
Q01
Q56
Finance
green finance
Innovations
Investors
Objectives
Policy making
Renewable energy
Sustainability
Sustainable development
Sustainable development goals
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Summary:Recently, sustainable development has become a global requirement. Every country strives to achieve this essential goal, and this attracts the attention of researchers and policymakers. This study investigates the impact of green finance, eco-innovation, and creativity on the sustainable development goals in ASEAN countries. Using CUP-FM and CUP-BC techniques, the study examines the association between variables, and finds that green finance (such as green credit), renewable energy production, eco-innovation, and creativity, have positive associations with sustainable development goals. The control variable, economic growth, has a negative association with sustainable development goals. Based on the evidence, the ASEAN region must increase the quantity of green bonds as a part of green finance. This financial measure would guarantee adequate returns for private investors.
ISSN:1331-677X
1848-9664
DOI:10.1080/1331677X.2023.2175010